ventureLAB and the Regional Municipality of York have partnered to expand the Hardware Catalyst Initiative, Canada’s only lab and incubator for hardware and semiconductor companies. York Region’s investment of $1.5 million over five years leverages the Government of Canada’s investment of $9.7 million through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) and continues to build a globally competitive cluster for hardware and semiconductor research, innovation, design and manufacturing centered in York Region.
This investment will enable ventureLAB to increase its capacity to assist homegrown innovation and commercialization opportunities and help international hardware and semiconductor companies establish and grow their businesses and teams in York Region. It will also create approximately 145 new jobs in York Region over five years.
Full Article: ept.ca